SunTech Power IPO on deck

SteveGelsi

NEW YORK (MarketWatch) -- SunTech Power Holdings Co. Ltd. plans to offer 26.38 million shares at $13-$15 a share in a bid to raise abot $369 million in its IPO. The deal is expected to price late Tuesday for its stock market debut on Wednesday. In a sign of health, the maker of solar energy technology boosted its price range from $11-$13 a share. SunTech is expected to begin trading on the New York Stock Exchange under the ticker symbol "STP."

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